Transactions

A "Transaction" is a group of one or more financial entries and typically relates to a single order or purchase. For example, a transaction for an e-Commerce merchant would usually include any sales (captures), refunds, chargebacks and fees associated with an order. For a digital platform, marketplace or FinTech, this might also include commission and payouts.

Transactions include financial entries from every source. This means we’ll show data from the Internal input source (e.g. e-Commerce platform, OMS, ledger, internal report) alongside the PSP side.

Reconciliations within a Transaction

Firstly, Equali groups all financial entries for a transaction, before any reconciliation takes place. Reconciliations take place on a financial entry level to ensure you get the most granular and comprehensive reconciliations and reporting possible.